Investment

(asked on 28th November 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to her Department's press release entitled Prime Minister unveils £29.5 billion of investment at historic Global Investment Summit, published on 27 November 2023, how much and what proportion of the funding will be invested in each region of the UK.


Answered by
Nusrat Ghani Portrait
Nusrat Ghani
Minister of State (Minister for Europe)
This question was answered on 4th December 2023

The Global Investment Summit was a roaring success, unveiling £29.5 billion of investment, creating 12,000 jobs in some of the fastest-growing sectors of the UK, including data centres to support AI and life sciences.

Many of the projects announced are nationwide in their application so we cannot forecast regional spend of the combined investment total. We are working with investors to ensure the projects deliver the maximum economic benefit.

The investment announced on the day is a colossal vote of confidence in the UK and this government, and the benefits will be felt across the whole of the UK.

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